Market news
22.11.2012, 13:16

European session: The euro rose

Data

01:45 China HSBC Manufacturing PMI (preliminary) November 49.5 50.4

08:00 France Manufacturing PMI (preliminary) November 43.7 44.1 44.7

08:00 France Services PMI (preliminary) November 44.6 45.3 46.1

08:30 Germany Manufacturing PMI (preliminary) November 46.0 45.9 46.8

08:30 Germany Services PMI (preliminary) November 48.4 48.5 48

09:00 Eurozone Manufacturing PMI (preliminary) November 45.4 45.6 46.2

09:00 Eurozone Services PMI (preliminary) November 46.0 46.1 45.7

09:00 Eurozone EU Economic Summit -

11:00 United Kingdom CBI industrial order books balance November -23 -19 -21

 

The euro rose to a two-week high against the dollar after a report showed that China's manufacturing index rose this month, adding evidence that the second-largest economy is gaining momentum. According to preliminary data, this index increased in November to the level of 50.4, compared with the final value at the level of 49.5 in October.

The single currency rose against all but two of its 16 major counterparts as the data showed that business activity in the manufacturing rose in November more than economists forecast. At the same time, the composite index of purchasing managers in the euro area in the services sector and in the manufacturing industry amounted to 45.8, up from 45.7 in October, while analysts had expected no change.

The yen fell on speculation that the Japanese elections next month will go to the power of the opposition party, which advocates a more aggressive monetary easing.


EUR / USD: during the European session, the pair demonstrated steady growth, and is now trading at $ 1.2890, which is the maximum value

GBP / USD: during the European session, the pair set a high at $ 1.5980, then dropped, and is now at around $ 1.5955

USD / JPY: during the European session, the pair rose to a maximum of Y82.85, but then dropped to Y82.54


At 13:30 GMT in Canada will change in the volume of retail sales, the change in retail sales excluding auto sales for September. At 15:00 GMT Eurozone publish indicator of consumer confidence for November.

U.S. celebrates Thanksgiving

Japan celebrate rewarding work


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